Coinbase Global (COIN) Expected to Announce Quarterly Earnings on Thursday

Coinbase Global (NASDAQ:COIN) is expected to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $1.79 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Coinbase Global Trading Up 2.1 %

COIN stock opened at $280.22 on Tuesday. The company has a market capitalization of $70.15 billion, a PE ratio of 47.82 and a beta of 3.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.03 and a current ratio of 1.03. Coinbase Global has a one year low of $137.13 and a one year high of $349.75. The company’s 50 day moving average price is $284.78 and its two-hundred day moving average price is $237.03.

Insider Activity

In other Coinbase Global news, insider Paul Grewal sold 7,104 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $307.80, for a total transaction of $2,186,611.20. Following the completion of the transaction, the insider now owns 79,407 shares of the company’s stock, valued at $24,441,474.60. This represents a 8.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Armstrong sold 58,269 shares of Coinbase Global stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $328.00, for a total value of $19,112,232.00. Following the completion of the sale, the chief executive officer now directly owns 526 shares in the company, valued at $172,528. This trade represents a 99.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 361,798 shares of company stock valued at $107,826,444 in the last ninety days. Corporate insiders own 23.43% of the company’s stock.

Analysts Set New Price Targets

COIN has been the topic of a number of analyst reports. Needham & Company LLC decreased their price target on Coinbase Global from $420.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday. HC Wainwright reiterated a “buy” rating and issued a $295.00 price objective on shares of Coinbase Global in a research report on Tuesday, October 29th. Bank of America boosted their price objective on shares of Coinbase Global from $196.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods cut their target price on shares of Coinbase Global from $275.00 to $255.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group reduced their target price on Coinbase Global from $397.00 to $340.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Coinbase Global currently has an average rating of “Moderate Buy” and a consensus price target of $284.06.

About Coinbase Global

Coinbase Global, Inc provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.